Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its pu

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Beech Soda Inc Uses A Perpetual Inventory System The Company S Beginning Inventory Of A Particular Product And Its Pu 1 (88.11 KiB) Viewed 12 times

Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Jan. 1 Beginning inventory = 16 units at a price of $10 each Jan. 11 Purchased inventory = 14 units at a price of $11.95 each Jan. 20 Purchased inventory = 23 units at a price of $15 each On January 14, Beech Soda, Inc. sold 25 units of this product. The other 28 units remained in inventory at January 31. Assuming that Beech Soda uses the moving average cost flow assumption, the ending inventory cost at January 31 to be reported is: ? (Please enter your answer ###.##; example: 509.447 would be 509.45)